The analytical assessment of some Middle East corporate governance standards after the global crisis

Abstract

The purpose of this paper is to present a set of comparative corporate governance standards in some Middle East countries including: Turkey, UAE, Saudi Arabia plus IIFS Code (Institutions offering Islamic financial services). There are strengths and weaknesses in these codes or practices which will be identified in this paperwork. Therefore, this paper not only identifies different points in latest corporate governance standard principles and systems in the above three (3) countries, but also provides with a summary of evaluation of current corporate governance systems in these above countries which may enable relevant organizations in re-evaluating their current ones. Last but not least, it aims to illustrate a limited comparative set of standards of Middle East corporate governance, and give proper recommendations to relevant governments and institutions toward a sustainable practices in business life.